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Dream Yacht Charter Owners/Charterers Experience #215366
01/23/2020 09:31 PM
01/23/2020 09:31 PM
Joined: Oct 2013
Posts: 326
Vail, CO
caribbeangirl13 Offline OP
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caribbeangirl13  Offline OP
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Joined: Oct 2013
Posts: 326
Vail, CO
I am broadening my horizons and looking into another guaranteed income charter company...Dream Yacht Charters. Any owners or charterers have experience they want to share? Would also love to hear what you think about the Fontaine Pajots and the Balis.



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Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215393
01/24/2020 09:04 AM
01/24/2020 09:04 AM
Joined: Nov 2012
Posts: 156
K
Kegoangoango Offline
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Kegoangoango  Offline
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Joined: Nov 2012
Posts: 156
We've chartered from DYC twice. The last time was Dec 2018. During our charter they moved from their old spot (destroyed by Irma and not being rebuilt fast enough) to Scrub. They are always extremely pleasant, helpful and responsive. We had dingy motor issues on our last charter (who doesn't?). They first sent some guys over when we stopped at VG, but they could not get the motor running properly. They then met us at our next stop (can't remember where it was) and swapped out the motor.

Personally, we think it's a great company and should we ever move to buying and placing in charter, we would probably consider them tops on our list. Having a ton of other places to use is valuable.

We have no financial interest in any boat or charter company.

Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215396
01/24/2020 09:59 AM
01/24/2020 09:59 AM
Joined: Dec 2015
Posts: 266
Ottawa, Canada
UncleLuff Offline
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UncleLuff  Offline
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Posts: 266
Ottawa, Canada
Can't speak to owner ship but have sailed on DYC boats twice (once on a sail course and once a charter) in Grenada. The first trip (ASA Sail Course) was on an older 44' monohull that was well past its prime with a number of issues. I think they had an arrangement with Nautilus sailing school and am sure they got the cheapest boat available so don't judge my opinion on DYC based off of that trip and experience. The second time (Charter) was on a brand new FP Saona 47. What a nice boat! Sailed really well even into the wind. Could tack it fairly easily (which was not my experience with the moorings 4000s!)

I like DYC now more than moorings because of the variety of cats. The service was more than adequate. They have Lagoons, FPs, Balis, etc. Moorings just has the Leopards and we wanted to try different boats.

We have just booked a DYC charter in May out of Tortola and selected a Bali 4.3. This will be our first time on a Bali and our first time with DYC in the BVIs. The Bali 4.3 looks more like a floating hotel, so have very little expectations on sailing abilities. Having said that they are made by Catana which make some real screamers so maybe pleasantly surprised. Also the extra spaces, lounging areas and open concept was more appealing that a smaller more traditional cat with less space and that could sail better. We will be sailing for 2-4 hours and then chilling the rest with drinks in hand so sailing qualities took a back seat. The location of the DYC base at Scrub island was also appealing as I have never been and it looks like a great place to start and end a charter!

I am not in the market for a charter yacht yet as My kids are still in High school and there is no way that I could take advantage of the 8 weeks of sailing.... but someday!

Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215410
01/24/2020 10:55 AM
01/24/2020 10:55 AM
Joined: Mar 2009
Posts: 161
SW Missouri
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pedalpusher Offline
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pedalpusher  Offline
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SW Missouri
I am unable to help with the ownership side of things but have chartered several times with different companies. We chartered with DYC last June. Our first time with them. The boat was well maintained and the only problem we had in two weeks on the boat was with the water maker,and as it turned out was operator error (me) not mechanical. All of the staff were great to work with. From the beginning of the charter process talking on the phone, to the office and dock at the base everyone was helpful and good at their jobs. Spending a day or two at the dock we watched as they cleaned and prepped boats. All very detailed in their maintenance. Sorry can't help with the FP or Bali, we were on a Lagoon.

Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215451
01/24/2020 07:37 PM
01/24/2020 07:37 PM
Joined: Jan 2016
Posts: 592
Georgia & South Carolina
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Deepcut Offline
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Deepcut  Offline
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Georgia & South Carolina
DYC/Moorings definitely has advantage for multiple locations. However , I think there are more advantageous programs elsewhere.
I understand the desire "no risk". Would be happy to hear from others who HAD a boat in program and recently completed. Pros? Cons?


Wes
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Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215471
01/25/2020 07:12 AM
01/25/2020 07:12 AM
Joined: Apr 2002
Posts: 5,400
GA/NC
GeorgeC1 Online content
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GeorgeC1  Online Content
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GA/NC
I have had boats with 4 different charter companies. The only boats I have made money on were the guaranteed revenue programs. One boat in a shared revenue program produced only 9% of the charter revenue back to me despite exceeding their performa gross revenue which promised 25% to 30% to the owner.
G

Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215472
01/25/2020 07:15 AM
01/25/2020 07:15 AM
Joined: Jan 2007
Posts: 1,161
Saint Thomas, USVI
CaptainJay Offline
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CaptainJay  Offline
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Posts: 1,161
Saint Thomas, USVI
We do not do guaranteed revenue on cats at CYOA. But I would be happy to talk to you about Fountaine Pajot and the charter business. One of the things I ask anyone interested in a boat. What is your plan in five years when you get the boat back? Sell it? Keep it? Move aboard? What are your goals? How are you handling the remaining mortgage if there is one? There are a lot of reasons to buy a boat and a lot of reasons not to. I know that sounds like a Chinese fortune cookie. If the ultimate goal is to own the boat go cruising and reduce the cost of ownership then it may be a good fit. If you are looking for free boats then don't do it.

As for the "big guys" and trading weeks at other bases, it is a great benefit. Maybe the only real one they have to offer. Personalized, professional care on one of if not the most expensive items you will ever own is more important. The condition of your vessel post charter can make a huge difference in its value for resale. It also makes a huge difference if you plan to cruise or retire onboard.

If you want more information feel free to email me at jay@cyoacharters.com

Last edited by CaptainJay; 01/25/2020 12:50 PM.
Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215483
01/25/2020 09:14 AM
01/25/2020 09:14 AM
Joined: May 2002
Posts: 16,017
Tortola/ Sonoma, California
Manpot Online crying
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Manpot  Online Crying
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Posts: 16,017
Tortola/ Sonoma, California
I would say that is extremely sage advice from Capt Jay. I have witnessed both sides of this although not bought a boat myself. I think Mike and Jean Beswick had the perfect idea. Mike bought " Jeannius" I believe in 2003 and sailed it to Tortola. It was bareboated for 5 years by TMM and then Mike and Jean Capt and Cook'd it for two. Then they took her round the world and up and down the East Coast of the US before selling her in St Augustine for a very good price. That was their plan all along and it seemed to work perfectly. Mike may well chime in here!

Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215560
01/25/2020 09:39 PM
01/25/2020 09:39 PM
Joined: Oct 2013
Posts: 326
Vail, CO
caribbeangirl13 Offline OP
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caribbeangirl13  Offline OP
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Joined: Oct 2013
Posts: 326
Vail, CO
Thanks everyone for your input. Jay, I will be emailing you, thank you for being willing to be a resource. To answer some of your questions, the purpose is this...

I am retiring next year from teaching. I am only 53 (almost) years old so will be working something part time but my schedule will be flexible. My husband is 5 years younger and works for the forest service here in Colorado so he has some time to still put in before retirement. I was brought up in the Caribbean and have a longing to come "home" although I have lived in Colorado for 28 years. Our hope is that a job would open up for my husband in Puerto Rico or any of the USVIs (he could transfer over from forest to park service and still keep all his benefits) but that hasn't happened yet. My brother has a 444 that will be coming out of Sunsail charter in June/July. I have owner privileges on that boat but in order for both our families to do the sailing that we want to do (especially once I retire) I need my own boat. Plus it looks like he will most likely put that in private charter based out of St. Thomas so anytime I would want to use it he would be losing money. I want a Catamaran and can't afford to buy it out right at this time. Putting it in charter would allow our mortgage to be paid (guaranteed) for 5-6 years. Our hope is to be down there in 5-6 years as the boat comes out of charter and we would either move aboard or keep her for our personal use. At this point we would be able to comfortably afford her mortgage because we will be selling stuff here in Colorado. I also like the fact that with Sunsail/Moorings or Dream Yacht we can also sail in other places in the world. In fact we are excited to go with my brother to Tahiti in April.

That being said, I am willing to look at all options. We are going to the Miami Boat Show in April which we are looking forward to.



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Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215562
01/25/2020 10:08 PM
01/25/2020 10:08 PM
Joined: Jul 2012
Posts: 470
Apex, NC
agrimsrud Offline
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agrimsrud  Offline
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Posts: 470
Apex, NC
Originally Posted by caribbeangirl13

That being said, I am willing to look at all options. We are going to the Miami Boat Show in April which we are looking forward to.


Off topic but is there a boat show in Miami in April? The Miami boat show that I know about is in Feb. ??


Life's short - sail more!
Re: Dream Yacht Charter Owners/Charterers Experience [Re: Manpot] #215569
01/26/2020 03:53 AM
01/26/2020 03:53 AM
Joined: Sep 2002
Posts: 3,522
Worcester, U.K. and Spain
Jeannius Offline
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Jeannius  Offline
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Worcester, U.K. and Spain
Manpot is exactly correct with my chartering story with Jeannius. We did very well at TMM partly because they are a great company, partly because I arranged quite a lot of charters myself and partly because I chose the right boat. A Privilege 435 was never a common charter boat so she was always very popular with charterers. Only time my revenue dipped was when a previous charterer went and bought his own identical boat and put it in charter with TMM. So Jeannius was then the older boat and naturally was chosen less often. I took up the slack though and organised more charters myself.

I only made one mistake... At the end of the time at TMM I had enough charter revenue in the bank I could probably have sold Jeannius and purchased a new 435 without having to put any extra cash in. I didn't do that but chose to spend the money paying off the loan, replacing stuff and upgrading. Should have bought the new boat because over the next 6 years I spent a lot more money replacing and fixing an old boat than I would have spent on a new boat.

It all worked out very well in the end as after a circumnavigation, I still sold for more than 2/3 rd of the original purchase price.

Revenue sharing worked for me, doesn't work for everyone as GeorgeC1 has shown.

Re: Dream Yacht Charter Owners/Charterers Experience [Re: caribbeangirl13] #215571
01/26/2020 07:09 AM
01/26/2020 07:09 AM
Joined: Apr 2002
Posts: 5,400
GA/NC
GeorgeC1 Online content
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GeorgeC1  Online Content
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Posts: 5,400
GA/NC
Revenue sharing if you have a popular boat and a solid company can work great. Mike put a lot of work into the Jeannius and might well have been one of the most successful examples. He also benefitted from having a unique boat and he caught the Catamaran boom at the right time. A lack of cats and everyone wanting one with his being one of the best available. Some Moorings owners with boats in their crewed fleets on shared revenue programs did extremely well also in that time frame.
The one big downside to shared revenue is if something happens to the boat that requires a extended down time for the boat. My boat was down 9 months for Irma and every check arrived on time every month. In addition the Moorings rebooked two weeks of sold owners time to other bases so we did not lose any revenue.
The big downside to guaranteed income is maintenance. A company paying all the bills is not going to do as good a job as when the owner pays the bills. I can’t comment on how much the paid overhual in the Moorings contract offsets that because I sold or traded both boats on the exit day.
One last thing to keep in mind. Insurance costs are going nowhere good!

Re: Dream Yacht Charter Owners/Charterers Experience [Re: agrimsrud] #215580
01/26/2020 09:00 AM
01/26/2020 09:00 AM
Joined: Oct 2013
Posts: 326
Vail, CO
caribbeangirl13 Offline OP
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caribbeangirl13  Offline OP
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Joined: Oct 2013
Posts: 326
Vail, CO
Originally Posted by agrimsrud
Originally Posted by caribbeangirl13

That being said, I am willing to look at all options. We are going to the Miami Boat Show in April which we are looking forward to.


Off topic but is there a boat show in Miami in April? The Miami boat show that I know about is in Feb. ??




Oops, meant February.

Last edited by caribbeangirl13; 01/26/2020 09:01 AM. Reason: Correction


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